Against the backdrop of a robust growth in the foreign direct investment in the first quarter of the current fiscal, the government is set to unveil next month a fresh document consolidating all the FDI policy related issues into a master circular.

The Department of Industrial Policy and Promotion (DIPP), the nodal government arm for FDI related matters, has sought views of the stakeholders for the new document to be released on September 30.

“The next edition of Consolidated FDI Policy Circular is due for release on September 30. This will incorporate all changes effected in FDI Policy...i.e. from April 1 to September 30,” the DIPP said. The Department had released the last edition of its consolidated FDI policy on March 31.

With a view to making the country’s FDI regime simple and easy for investors, the DIPP had compiled all the related policies into a single document from March, 2010 onwards.

Earlier, one had to go through various press notes issued by the industry department and RBI regulations to understand the FDI policy.

Despite global worries, India has managed to show a robust growth of 133 per cent receiving inflows of $ 13.44 billion for the April-June quarter.

While releasing the first edition in April last year, the government had said the document will be updated every six months.

Foreign direct investment (FDI) is considered crucial for economic development of a country and India has taken several steps to attract such funds.

Related Topics
comment COMMENT NOW